Asia-Pacific: Grinding Machine Market 2024

Grinding Machine Market Size in Asia-Pacific

The Asia-Pacific grinding machine market contracted to $X in 2022, dropping by X% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Grinding Machine Production in Asia-Pacific

In value terms, grinding machine production dropped slightly to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Grinding Machine Exports

Exports in Asia-Pacific

For the sixth consecutive year, Asia-Pacific recorded growth in shipments abroad of machines having individual functions, for mixing, kneading, crushing or grinding, which increased by X% to X units in 2022. Overall, exports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, grinding machine exports amounted to $X in 2022. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

China dominates exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), creating a X% share of total exports. India (X units), Malaysia (X units), Australia (X units) and South Korea (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to grinding machine exports from China stood at X%. At the same time, Malaysia (X%), India (X%), South Korea (X%) and Australia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Australia and Taiwan (Chinese) saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest grinding machine supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, grinding machine exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, which is down by X% against the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the export price figures.

Grinding Machine Imports

Imports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in overseas purchases of machines having individual functions, for mixing, kneading, crushing or grinding, which increased by X% to X units in 2022. In general, imports posted prominent growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, grinding machine imports declined to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2021, and then fell slightly in the following year.

Imports by Country

Australia prevails in imports structure, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by Thailand (X units), generating a X% share of total imports. India (X units), China (X units), Malaysia (X units), Indonesia (X units), the Philippines (X units), Japan (X units), Taiwan (Chinese) (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to grinding machine imports into Australia stood at X%. At the same time, India (X%), the Philippines (X%), Taiwan (Chinese) (X%), Malaysia (X%), Indonesia (X%), Singapore (X%), Japan (X%) and China (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. Australia (X p.p.), India (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported machines having individual functions, for mixing, kneading, crushing or grinding in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, falling by X% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2014 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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